By Brad Lemley
Discover Magazine. Distributed by
New York Times Special Features.
June 19, 2000
Aside from his dancing left foot, Anthony Curtis, 42,
looks like any other sucker tourist dropping a wad at the
Binion's Horseshoe blackjack tables in Las Vegas.
Hair slicked back, nose busted twice from rugby, left
hand curled around his second imported beer--not
water, a dead giveaway for card counters--he seems
wound tighter than most, maybe, but inside the bounds.
After three minutes of play, he's down $100. He seems
distracted by the waitress' cleavage and acts surprised
when his luck turns.
"My God, this never happens," he murmurs as he flips a
natural 21: a 10 of hearts and ace of diamonds. Next
two hands, he stands on 17 and 18. The dealer busts
both times. Now he's up $150--"Better quit," he says,
clumsily scooping up 12 green chips and striding to the
cashout cage. The pit boss--whose job it is to spot
counters--smiles and waves at him. The dealer doesn't
even look up.
While Curtis did his dumb-luck shtick above the table,
the real action was below, down on the gaudy carpet.
One of the best blackjack players in the world--he won
the World Match-Play Blackjack Championship in
1987--Curtis counted every card played, maintaining a
multiparameter tally, which means he tracked several
things at once.
His left foot's job was to tick off the aces. When one
ace had been dealt, he put his heel down; second ace,
he tilted his foot to the left; third, up on his toe; fourth,
tilted to the right. Meanwhile, in his head, he kept a
running count of the other cards: Twos and eights each
counted as plus one; threes, fours, sixes and sevens
were each plus two; fives were plus three; nines were
minus one; and 10s and face cards (which all count as
10 in blackjack) were minus three.
The idea is that blackjack--unlike, say, craps--is a game
of dependent events, and tracking the dealt cards yields
valuable information about the ones that remain. A
wealth of 10s and aces left in the deck favors the player,
because the player is more likely to get a blackjack (for
which the house pays 1.5 times the bet) and because the
house, which plays by fixed rules, is more likely to bust.
Whenever Curtis' count went positive--that is, above
zero--he boosted his average bets and, on this evening,
his winnings.
Do it all while looking like a distracted, none-too-bright
vacationing drunk, and you, too, can win big. Card
counting can be daunting--it's a science that's under
constant revision and an art that demands great
discipline--but it can also be extremely rewarding. By
1989 Curtis had won enough money at the tables to
bankroll a gambling-book publishing house. He still
plays in his off hours and remains plugged into the
professional blackjack subculture.
Standing shoulder to shoulder with the hapless hordes,
Curtis represents the tiny coterie of mathematically
talented, driven, inconspicuous gamblers who
methodically drub the casinos at their own games. Even
those who don't plan to go pro can learn from the new
gambling elite and turn a potentially impoverishing
vacation into a profitable experience.
"To figure this stuff out is just very alluring to someone
like me," says Olaf Vancura, a casino-game creator with
a PhD in physics and the author of "Knock-Out
Blackjack," a new card-counting system that's within the
reach of the average intellect. Winning over the long haul
demands research, stamina, nerve and no small measure
of acting ability, but the principal requisite is a rock-solid
grounding in probability.
Curtis estimates that 99 percent of what's offered in
casinos and other legal betting venues is what he terms
negative expectation games, meaning that over the long
haul, the house will harvest anywhere from 1 percent to
60 percent of money gambled. The average bettor
accepts his skinning because he imagines the house odds
are insurmountable. The average bettor is wrong.
"People always say, `Who pays for the lights in Las
Vegas?'" observes Jean Scott, a 61-year-old
video-poker-playing grandmother who, with her
husband, Brad, earned enough in two years to purchase
their Las Vegas condo. "All I know is, I don't."
The books that inspired Curtis grew out of a flowering
of scientific gambling analysis that began with "The
Optimum Strategy in Blackjack," an article printed in
1956 in the Journal of the American Statistical
Association. Four Army mathematicians, known today
as the Baldwin group, demonstrated how to play each
hand to maximize winning potential, proving that a player
who followed their program in a single-deck game
would, over time, be virtually even with the house.
That made blackjack by far the most advantageous
casino game to play. But the giant of blackjack theory,
and nearly a god to young Curtis, was MIT mathematics
professor Edward O. Thorp, who published "Beat the
Dealer" in 1962.
The Baldwin group had focused on how to optimize play
using each hand's visible cards, reckoning that card
counting was impractical. Thorp's twin breakthroughs,
bolstered by then-nascent computer calculation, were
that smart folks could learn to count cards as they were
played and that, in doing so, these gamblers could gain a
consistent advantage over the house.
On his own, day after day, Curtis practiced card
counting until his brain ached and his fingers were raw.
At 21, he turned his back on a UCLA wrestling
scholarship, moved to Las Vegas, bellied up to the
Sahara's blackjack pit and put his $1,800 life's savings
on the line.
"The first night, I won $22," he says. "The second day, I
lost $900. At the table, I started hyperventilating. Then I
got physically sick."
Curtis had slammed into the brutal reality of fluctuation
around the average return, or what statisticians call
standard deviation. Although an astute blackjack card
counter can, over the long haul, realize up to a 1.5
percent profit (depending on such variables as the
number of decks, which card-counting system he
employs and how many cards remain before the dealer
reshuffles), losing streaks can last for weeks.
There's a saying: If you can't stand the flux, don't bet the
bucks. Many technically proficient blackjack counters
have been run out by flux. An elegant mathematical
expression of standard deviation's power in gaming is
the so-called risk of ruin, which establishes the likelihood
that a particular bankroll will go to zero before it
doubles.
According to calculations by Vancura, a blackjack card
counter playing with a 101.11 percent expected return
(the expectation of one version of his card-counting
system) and a bankroll that's just 25 times the minimum
bet has close to a 47 percent chance of going broke
before doubling his money. To drop the likelihood of
going broke to, say, 0.5 percent requires a bankroll
1,000 times larger than the game's minimum wager; in a
$5 to $25 game, that's $5,000.
Chastened, Curtis returned to the real world, first as a
stockbroker, then as the smallest bouncer in Las Vegas.
The lean years ended when Stanford Wong--the nom de
guerre of a statistics and finance professor who relishes
anonymity--enlisted Curtis to play tournament
blackjack. Financed by Wong, Curtis was free to make
the big bets that would harvest big money.
After he retired from tournament play, Curtis set up his
publishing house. Today, he reigns over a stable of
authors in his growing library of gambling science.
But even if Vancura's simplified card-counting book
achieves best-seller status, as Thorp's did, the lights will
likely keep blazing just as fiercely in the desert and along
the boardwalk and in the Indian casinos and on the
riverboats and aboard the ocean liners: Curtis and
Vancura seem appalled at the apathy and ignorance of
the average gambler.
Successful gambling is unquestionably possible, and
someday, they hope, the fleeced hordes will decide
they've lost enough. Someday casino profits may shrink
from the obscene to the merely respectable, and the
successes of those who win through intellectual effort
rather than luck may inspire a newfound appreciation for
the beauty, wonder and irresistible power of probability.
But don't bet on it.